Zero tax - Rolls Royce joins the club : Mon Mar 04, 2013 6:27 pm  

http://www.bbc.co.uk/news/uk-england-de ... e-21661506 Annual report shows Rolls-Royce did not pay any tax in the UK in 2012, same as 2011. It made £1.4bn in pre-tax profit in 2012, an increase of 24% on 2011. They paid nothing to the treasury, and to add insult to injury, actually received £3m in credit. I think this is very fair. If they can only scrape by on £1.4 billion I'm glad we don't add to their financial woes by getting them to pay tax here too, and it is just typical of the good old British generosity that instead, the taxpayer chips in a few mill for good measure.

http://www.bbc.co.uk/news/uk-england-de ... e-21661506 Annual report shows Rolls-Royce did not pay any tax in the UK in 2012, same as 2011. It made £1.4bn in pre-tax profit in 2012, an increase of 24% on 2011. They paid nothing to the treasury, and to add insult to injury, actually received £3m in credit. I think this is very fair. If they can only scrape by on £1.4 billion I'm glad we don't add to their financial woes by getting them to pay tax here too, and it is just typical of the good old British generosity that instead, the taxpayer chips in a few mill for good measure.

Re: Zero tax - Rolls Royce joins the club : Mon Mar 04, 2013 7:04 pm  

Right thats it, I'm not buying any of their products any longer.

Re: Zero tax - Rolls Royce joins the club : Mon Mar 04, 2013 9:02 pm  

There would be a certain appropriateness to this if it was the car manufacturer.

Re: Zero tax - Rolls Royce joins the club : Mon Mar 04, 2013 9:34 pm  

Bit of a non-story. Can someone explain to me why they ought to be paying Corporation Tax here?

Re: Zero tax - Rolls Royce joins the club : Mon Mar 04, 2013 9:44 pm  

Dally wrote:

Bit of a non-story. Can someone explain to me why they ought to be paying Corporation Tax here?

Ha! You'll change your tune when the Daily Mail pick up the story, in about three weeks time.

Re: Zero tax - Rolls Royce joins the club : Tue Mar 05, 2013 10:06 am  

JerryChicken wrote:

Right thats it, I'm not buying any of their products any longer.

But you are. HM Gov recently signed a record order with the factory at Bristol to supply the engines for some new planes.

Re: Zero tax - Rolls Royce joins the club : Tue Mar 05, 2013 1:04 pm  

Dally wrote:

Bit of a non-story. Can someone explain to me why they ought to be paying Corporation Tax here?

Since when has that had any bearing on media outrage?

Presumably Rolls Royce are employing similar mechanisms to those used by Starbucks, Amazon et al. I await Cameron's howls of outrage at this deceit being perpetrated by what is an ostensibly British company.

This sort of bad press won't help in their efforts to get those with influence over the SFO to persuade it to tread softly in their ongoing corruption enquiries...

Re: Zero tax - Rolls Royce joins the club : Tue Mar 05, 2013 9:00 pm  

Ferocious Aardvark wrote:

But you are. HM Gov recently signed a record order with the factory at Bristol to supply the engines for some new planes.

Why are they ordering records from Rolls Royce ?
Could this be why HMV went to the wall ?

Re: Zero tax - Rolls Royce joins the club : Wed Mar 06, 2013 9:16 am  

Records? Rolls Royce, Rose Royce easy mistake to make. Not sure the cars they were washing were Rolls Royce.

Re: Zero tax - Rolls Royce joins the club : Wed Mar 06, 2013 9:27 am  

JerryChicken wrote:

Why are they ordering records from Rolls Royce ?

Easy mistake to make,

somebody told Gideon that they had loads of brass